In Focus Commercial Credit
Late-payment squueze Having secured significant measures aimed at ending the UK’s late-payment crisis, we are calling on government to make clear that it will not support corporations that squeeze suppliers in the event of an economic slowdown or unfairly burden them with the knock-on costs of a chaotic no deal.
Brexit vouchers For small businesses particularly affected by the prospect of a no-deal Brexit – such as those that trade exclusively with one European market – we are calling for the provision of Brexit vouchers worth up to £3,000 to assist with planning for the future, accessing new markets, retraining staff, and retooling. We also believe other specific interventions
to support small-business exporters should be considered. Our new requests also sit alongside
recommendations that we have already put directly to Prime Minister Boris Johnson regarding business rates, employment, and infrastructure. They include:
l Extending the two-year 33% rates discount enjoyed by small retailers with rateable values of up to £51,000 to all sectors, including manufacturing. l Introducing a rebate for Statuary Sick Pay. l The introduction of an accelerated programme aimed at giving all small firms good access to high-speed broadband.
Cash is king With the UK set to leave the EU on 31 October, we need an Emergency Budget before Brexit happens. Now it is time for this government to get
serious about planning, and preparing the economy. Advertising campaigns and small-scale
measures focused on a few exporters will not cut it. Cash is certainly king for small firms, so
we urgently need measures that will allow them to sure up balance sheets, keep hiring, and help them prepare for an uncertain future.
September 2019
www.CCRMagazine.com 21
Small firms do not have endless staff
equipped to prepare for countless different Brexit scenarios. Cutting Employer NICs and VAT,
For small businesses particularly affected by the prospect of a no-deal Brexit – such as those that trade exclusively with one European market – we are calling for the provision of Brexit vouchers worth up to £3,000 to assist with planning for the future, accessing new markets, retraining staff, and retooling
expanding Time to Pay, and providing specific support to the most affected through vouchers is the best way to insulate jobs and growth from any economic side-effects of a sudden no-deal Brexit.
Conclusion We have been dogged by disappointing economic growth for years now. That is why we need interventions on the domestic front. Making business rates fairer, supporting
those struggling with employment costs, and investing in infrastructure would give many small firms a new lease of life. The government would do well to
remember that the economy only thrives when small businesses do. CCR
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52
